ABOUT PAXOS
Paxos' mission is to modernize finance by mobilizing assets at the speed of the internet.

Paxos is building a future where all assets-- from money to gold to securities--will be digitized and move instantaneously, 24/7. Settlement risk will cease to exist, so trillions of dollars of trapped capital can go to work in a global, frictionless economy.

Today, as the first regulated Trust company with blockchain expertise, Paxos is uniquely positioned to mobilize and custody them digitally.

Visit www.paxos.com for more information on Paxos and its institutional-grade products like Paxos Standard token and Paxos Confirmation Service for precious metals. Visit www.itbit.com for the crypto-asset exchange and related services including escrow, custody and OTC trading.

BUSINESS UNIT/ROLE OVERVIEW

We are looking for an experienced Controller to join a rapidly growing blockchain company’s finance organization. The role will be an integral part of the team’s success by helping guide financial decisions that are critical to the company’s growth. This will entail improving availability of real time metrics for all business lines and proactively managing impacts related to the changing regulatory and tax landscape.

We hold ourselves to a very high hiring bar. To achieve this, we think of roles first and foremost as outcomes to be achieved, not simply a description of tasks and responsibilities. We have developed what we call a ‘Success Profile’ for this role, which has two sections:

• Outcomes: Meaningful and measurable work products that have a significant impact on the team and business over a defined timeframe.
  
• How to Achieve Outcomes: We have a strong point of view on how this role will succeed in achieving outcomes at Paxos. So, we have taken the Operating System of Paxos - our values - and made it relevant to this role. 

OUTCOMES

• Manage and improve a dynamic ledger to support the growth and scale of the business and global presence which includes a review of existing processes. Success will be measured by the businesses ability to receive and understand key financial performance indicators in real time.
  
• Absorb current legal entity structure and continuously improve our ability to meet business needs globally to manage changes in the regulatory and tax landscape. Success will be measured by the ability to educate business leaders and thus mitigate disruption to business operations related to changes in tax or regulation.
  
• Build out a market and credit risk framework to improve the businesses visibility to risks in corporate strategy arising from changes in the underlying market. Success will be measured by the ability for the business to increase client exposure and understand risks related to it in real time.
  
• Bring speed and accuracy to the monthly financial close process with appropriate controls being put in place and provide easy and clear visibility into the state of the business. Success will be measured by the ability of business leaders to have enhanced visibility into the P&L of their respective business without any special requests of the finance function.
  

HOW TO ACHEIVE OUTCOMES

Technical acumen required:

• Deep understanding of financial statements with ability to quickly identify inconsistencies across each (balance sheet, income statement, cash flow).
  
• Manage and articulate evolving legal entity hierarchy and understand implications related to changes local regulatory landscape.
  
• Ability to absorb and translate different source systems to the general ledger, such as taking client reporting and leveraging to automate booking to ledger globally.
  
• Knowledge and comfort in regulatory filings with ability to work with outside firms on confirmation of technical accuracy.
  

Shared commitment to excellence:

• Deliver timely and accurate financials through challenging existing account platform and create alternatives of adopting a different platform to benefit future scalability even though it may be inconvenient for existing team and processes.
  
• Challenge existing processes such as treatment of client assets on or off balance sheet based on jurisdictions and never take a view of "that is how it was done previously".
  
• Develop a track-record and reputation of being unwilling to accept surface level answers as it relates to all historical financial statements. 
  

Search for the truth:

• Proactively uncover potential roadblocks by performing deep research on topics such as Commodities, Securities, Virtual Currency etc. that you may be unfamiliar with. This research should lead you to form opinions or points of view that can be used to propose key changes to the organizational booking (eg. tax changes, investor impact, holding company transition).
  
• Consistently ask questions to ensure accuracy of all regulatory filings / reporting and constantly challenge existing assumptions related to the financial infrastructure in order to create the most effective framework for the business.
  

Real time candor:

• Ability to build a trust with employees and directors at all levels by being able to clearly articulate how changes to tax regime will potentially impact individual business lines (even if negative).
  
• Ability to disagree with team members without destroying the trust you have built with them. Do this by consistently articulating POVs or disagreements based on outcomes and with data points (qualitative or quantitative).
  

Be an owner:

• Independently drive decisions that will move the team closer to achieving milestones. Do this by avoiding the need for a lot of back and forth on the different data and information needed to make decisions.
  
• Anticipate obstacles early and propose solutions to overcome blocking items for the business.
  

Paxos is an equal opportunity employer. It does not discriminate on the basis of sex, age, color, race, religion, marital status, national origin, ancestry, sexual orientation, physical and mental disability, medical condition, genetic information, veteran status or any other basis protected by federal, state or local law.